Well-Maintained Investment 4-Plex For
For Sale
$559,000
4622 Tracylynn Ln, Las Vegas, NV 89121
Desirable 4-plex with strong income potential and tenant convenience.
Property Size3,112 SF
Days on Market148
Property Features for 4622 Tracylynn Ln
General Information
Standard status
Active
Size
3,112 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,498
Building Details
Building Size
3,112 SF
Year Built
1984
Stories
2
Units
4
Listing Agency:
Realty ONE Group
Listed By:
Adam Naglich · License #S.0177451
(702) 335-2156
Source:
Elliman
Added: May 19
Changed: Oct 8
Last Checked: Oct 12 at 8:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group
Investment Insights
Based on property information with market context.
This well-maintained 4-plex presents an investment opportunity, generating a monthly rent total of $3,715. Each unit is equipped with its own washer and dryer. The community is gated and features a community pool for residents. This low-maintenance 4-plex is suitable for investors seeking consistent cash flow and long-term value. The property is located in Las Vegas, NV 89121. The bike score is 63, indicating it is bikeable. The walk score is 19, indicating car-dependent surroundings. The transit score is 42, indicating some transit options are available.
Key Highlights
- Generates $3,715 in monthly rental income.
- Each unit includes a private washer and dryer.
- Gated community.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,889
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,780
$817.8K
Cap Rate 7%
$584,129
$584.1K
Cap Rate 9%
$454,322
$454.3K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$61.6K $19.80/SF
− Vacancy
−$3.2K −$1.03/SF
EGI
$58.4K $18.77/SF
− OpEx
−$17.5K −$5.63/SF
NOI
$40.9K $13.14/SF
Area
ZIP 89121
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,780
Cap Rate 7%
$584,129
Cap Rate 9%
$454,322
Alternative Uses
Best Use
Multifamily LT 5
$584.1K
$511.1K – $681.5K
NOI $40,889 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$524.0K
$458.5K – $611.4K
NOI $36,683 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$807.6K
$706.6K – $942.2K
NOI $56,531 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 89121, NV
68,692
Population
29,012
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
7,467
Density / Sq Mi
$54,667
Median Household Income
$32,776
Median Earnings
$1,306
Median Rent
$288,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Desirable 4-plex with strong income potential and tenant convenience.
Where is this quadplex located?
The property is located at 4622 Tracylynn Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Generates $3,715 in monthly rental income.; Each unit includes a private washer and dryer.; Gated community.
